Program areas at Somerset
Local business attraction and expansion through mentorship, grants, and incubator opportunities like the soco farmers market, the attraction of visitors and residents through festivals and events uptown, the renovation of historic assets and properties, the provision of support for housing renovation and historic renovations, the addition of artistic and community design components such as murals, sculptures, and decorations uptown, and the coordination of community member and community group connections. The largest program expenses were tourism marketing. We received a 25,000 grant from the laurel highlands visitors bureau and nearly matched the funds with donated investments to try to promote uptown Somerset as the gateway to soco (Somerset county) these marketing efforts, designed by a team of volunteers from all over the county, brought visitor inquiries, foot traffic, and local investment via visitors to small local businesses and events. This is also a top-funnel strategy to entice visitors to Somerset county and in the long-term convert some visitors to residents, which is a need in our community and county due to population decline. The second largest program expense was fire & ice festival, which brings in thousands of visitors to the Somerset community who stay in local hotels, invest in local businesses who are located uptown, invest in the marketplace incubator which is filled with smaller businesses for the weekend, and promote the community via social media posts, the attraction of media, and more. The third largest program expense was the facade grant expense which was a dced grant reimbursement program to incentivize the renovation of uptown building facades. This number represents 5 building facade renovations.
Who funds Somerset
Grants from foundations and other nonprofits
Financials for Somerset
| Revenues | FYE 07/2024 | FYE 07/2023 | % Change |
|---|
| Total grants, contributions, etc. | $447,050 | $419,571 | 6.5% |
| Program services | $110,088 | $94,923 | 16% |
| Investment income and dividends | $22,685 | $219 | 10258.4% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $579,823 | $514,713 | 12.6% |
Organizations like Somerset
| Organization | Type | Location | Revenue |
|---|
| Discover Downtown Franklin | 501(c)(3) | Franklin, IN | $207,997 |
| Defiance Development and Visitors Bureau | 501(c)(3) | Defiance, OH | $512,281 |
| Rehoboth Beach Main Street | 501(c)(3) | Rehoboth Beach, DE | $202,892 |
| Discover Downtown Middlesboro | 501(c)(3) | Middlesboro, KY | $323,355 |
| Riverhead Bid Management Association | 501(c)(3) | Riverhead, NY | $216,480 |
| Klamath Falls Downtown Association | 501(c)(3) | Klamath Falls, OR | $224,126 |
| Swiss Bear | 501(c)(3) | New Bern, NC | $387,151 |
| Hackettstown Bid | 501(c)(3) | Hackettstown, NJ | $347,609 |
| Hartford Business Improvement District (HBID) | 501(c)(3) | Hartford, CT | $1,358,342 |
| The Pittsburgh Film Office | 501(c)(3) | Pittsburgh, PA | $1,297,140 |
Data update history
April 21, 2025
Posted financials
Added Form 990 for fiscal year 2024
January 19, 2025
Received grants
June 6, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 23, 2024
Updated personnel
Identified 4 new personnel
Nonprofit Types
Business and community development organizationsConvention and visitors bureausCharities
Issues
Community improvementEconomic development
Characteristics
Partially liquidatedState / local levelReceives government fundingCommunity engagement / volunteeringTax deductible donationsAccepts online donations
General information
- Address
- 109 E Main St PO Box 876
- Somerset, PA 15501
- Metro area
- Pittsburgh, PA
- County
- Somerset County, PA
- Website URL
- somersetinc.org/Â
- Phone
- (814) 443-1748
IRS details
- EIN
- 25-1721501
- Fiscal year end
- July
- Taxreturn type
- Form 990
- Year formed
- 1993
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S31: Urban, Community Economic Development
- NAICS code, primary
- 561591: Convention and Visitors Bureaus
- Parent/child status
- Independent
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